Asian markets settled higher on Monday, even as several markets in the region, such as Hong Kong, Malaysia and Singapore were closed for holidays. Japanese shares rose tracking Wall Street's strength in the previous session and signs that US inflation may be receding. Seoul shares gained marginally on institutional buying. Moreover, Chinese shares climbed despite concerns over surging Covid-19 cases in the country. Chinese defence-related shares jumped amid heightened tensions around the Taiwan Strait. Taiwan's defence ministry has said 43 Chinese air force planes crossed the Taiwan Strait's median line in the past 24 hours as Beijing continues its military activities close to the island, which China considers part of its territory.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,065.56 | 19.69 | 0.65 |
Hang Seng | -- | -- | -- |
Jakarta Composite | 6,835.81 | 35.14 | 0.52 |
KLSE Composite | -- | -- | -- |
Nikkei 225 | 26,405.87 | 170.62 | 0.65 |
Straits Times | -- | -- | -- |
KOSPI Composite | 2,317.14 | 3.45 | 0.15 |
Taiwan Weighted | 14,285.13 | 13.50 | 0.09 |
